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Define tr ,ar and mr .discuss …

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Define tr ,ar and mr .discuss relationship btween ar nd mr
  • 1 answers

Kanu Singh 7 years, 1 month ago

TR is total revenue recieved from sale of particular quantiy of an output. MR is the revenue reciept from sale of an additional unit of an output. AR is the revenue per unit of output sold. Relation- When mr>ar than ar rises When mr =ar than ar is at maximum and conatant When mr <ar than ar falls
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